
Core Viewpoint - The parent company of Arc'teryx, Amer Sports, experienced a nearly 12% drop in pre-market trading, with shares priced at $33, following a controversy related to an event in the Himalayas involving artist Cai Guoqiang [1] Company Summary - Arc'teryx, a leading outdoor brand, was founded in Vancouver, Canada in 1989 and was acquired by a consortium led by Anta Group in 2019. It is currently owned by Finnish company Amer Sports, which also owns brands like Salomon and Wilson [1] - On September 21, Arc'teryx issued an apology via its official Weibo account, promising to cooperate with government oversight and the artist team to review the environmental impact of the project, and to engage a third-party environmental organization for assessment [1]